Peloton Unveils Price Hikes, Store Closures And Layoffs

Topline Seeking to cut costs and end a flood of red ink, Peloton is planning to raise prices on key products, shutter stores and lay off hundreds of workers, according to a memo from CEO Barry McCarth...

Peloton Shares Plunge As CEO Warns Fitness Company Is ‘Thinly Capitalized’

Topline Shares of Peloton cratered nearly 20% on Tuesday after dismal quarterly earnings that showed the at-home fitness company is continuing to lose money at a torrid pace, with recently appointed C...

Peloton Shares Fall After Major Outage Temporarily Hits Bikes And Treadmills

Topline Shares of Peloton, which have largely struggled so far in 2021, took another hit on Tuesday after a major outage which affected the at-home fitness company’s bikes and treadmills, meaning that...

Peloton Shares Fall After New CEO Says Company Won’t Be Sold In The ‘Foreseeable Future’

Topline Shares of Peloton, which rallied last week on speculation of a possible takeover, fell roughly 5% on Monday after new CEO Barry McCarthy said in an interview that he took the top job at the co...

Peloton Stock Leaps 28% Following Report Amazon Considering A Bid

Topline Peloton Interactive shares surged 28.42% to $31.67 in after-hours trading Friday after the Wall Street Journal reported Amazon is considering acquiring the exercise equipment maker, which has ...

Netflix Stock Crashes As Nasdaq Has Worst Week Since October 2020

Topline The stock market fell on Friday as the sell-off in tech stocks intensified after Netflix posted lackluster earnings—with the Nasdaq Composite falling deeper into correction territory and posti...

Peloton’s Dramatic Crash In 4 Charts

Peloton’s stock may have rebounded Friday, but it still has a long way to go to recover. Ezra Shaw/Getty Images Peloton shares are on a painful ride that keeps getting worse. The stock plunged 24% on ...

Peloton—Pandemic Stock Darling—Reportedly Halts Production Of Fitness Products, Shares Plunge Nearly 20%

Topline Shares of Peloton—which surged during the pandemic as house-bound consumers grasped for ways to stay healthy—plunged nearly 20% on Thursday after reports that the company will temporarily halt...